August 22, 2022, 10:08AM EDT
• 30 min read

Magic Eden Company Intelligence

Quick Take

  • Founded in September 2021, Magic Eden runs the largest Solana NFT marketplace with +90% market share – Magic Eden verticals include its secondary market, Launchpad for full-service minting, Magic Eden Games content platform and Magic Ventures for Web3 gaming investments
  • Magic Eden closed a $27 million Series A funding round (led by Paradigm) in March 2022 and a $130 million Series B funding round (led by Electric Capital and Greylock Partners) in June 2022
  • In August 2022, Magic Eden started supporting Ethereum for its NFT marketplace – the company plans to provide top-notch end-to-end user experience for Ethereum users (services including Launchpad and cross-currency purchase option)

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